Kemper Co. (NYSE:KMPR) Director Acquires $24,879.50 in Stock

Kemper Co. (NYSE:KMPR) Director Alberto J. Paracchini bought 425 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $58.54 per share, for a total transaction of $24,879.50. Following the transaction, the director now owns 7,388 shares in the company, valued at approximately $432,493.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kemper Stock Up 2.5 %

Shares of NYSE KMPR opened at $60.48 on Tuesday. Kemper Co. has a 52-week low of $38.32 and a 52-week high of $64.69. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of -31.83 and a beta of 0.89. The stock has a 50 day moving average price of $58.56 and a 200 day moving average price of $52.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.21 and a current ratio of 0.21.

Kemper (NYSE:KMPR) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.02). Kemper had a positive return on equity of 3.03% and a negative net margin of 2.52%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted ($1.02) earnings per share. Kemper’s quarterly revenue was down 11.7% compared to the same quarter last year. Sell-side analysts expect that Kemper Co. will post 4.5 earnings per share for the current year.

Kemper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, May 10th. Kemper’s dividend payout ratio (DPR) is -65.26%.

Institutional Investors Weigh In On Kemper

Large investors have recently modified their holdings of the business. YHB Investment Advisors Inc. purchased a new position in Kemper during the first quarter valued at approximately $25,000. Blue Trust Inc. increased its holdings in shares of Kemper by 211.1% in the 4th quarter. Blue Trust Inc. now owns 532 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 361 shares during the period. CWM LLC increased its holdings in shares of Kemper by 257.8% in the 1st quarter. CWM LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 348 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of Kemper in the 3rd quarter worth $32,000. Finally, Quest Partners LLC purchased a new stake in shares of Kemper during the 4th quarter worth $66,000. Institutional investors own 86.23% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMPR. JMP Securities reissued a “market outperform” rating and issued a $75.00 price objective on shares of Kemper in a research report on Monday, April 15th. Piper Sandler increased their price target on Kemper from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. TD Cowen initiated coverage on Kemper in a report on Wednesday, January 10th. They set an “outperform” rating and a $70.00 price objective for the company. UBS Group increased their target price on Kemper from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Raymond James boosted their target price on shares of Kemper from $60.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $70.40.

About Kemper

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.